DA Davidson Weighs in on Ameris Bancorp Q1 Earnings

Ameris Bancorp (NASDAQ:ABCB - Free Report) - Analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Ameris Bancorp in a research note issued to investors on Tuesday, February 4th. DA Davidson analyst M. Navas forecasts that the bank will post earnings per share of $1.12 for the quarter. The consensus estimate for Ameris Bancorp's current full-year earnings is $4.99 per share. DA Davidson also issued estimates for Ameris Bancorp's FY2026 earnings at $5.80 EPS.

Several other brokerages also recently commented on ABCB. Keefe, Bruyette & Woods boosted their target price on Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Truist Financial decreased their target price on Ameris Bancorp from $73.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Raymond James reaffirmed an "outperform" rating and issued a $71.00 price target (up from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. StockNews.com raised shares of Ameris Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Stephens reaffirmed an "equal weight" rating and issued a $71.00 target price on shares of Ameris Bancorp in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

Ameris Bancorp Price Performance

Shares of Ameris Bancorp stock traded down $0.23 during mid-day trading on Wednesday, reaching $68.24. 570,036 shares of the stock were exchanged, compared to its average volume of 398,807. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 13.10 and a beta of 1.06. Ameris Bancorp has a fifty-two week low of $44.22 and a fifty-two week high of $74.56. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $64.73 and a 200 day simple moving average of $63.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Ameris Bancorp by 85.9% during the second quarter. AQR Capital Management LLC now owns 34,473 shares of the bank's stock worth $1,736,000 after acquiring an additional 15,928 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Ameris Bancorp during the 2nd quarter valued at about $207,000. Handelsbanken Fonder AB grew its position in shares of Ameris Bancorp by 26.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 15,530 shares of the bank's stock valued at $969,000 after purchasing an additional 3,200 shares during the period. GAMMA Investing LLC lifted its stake in Ameris Bancorp by 38.0% in the third quarter. GAMMA Investing LLC now owns 1,130 shares of the bank's stock valued at $71,000 after buying an additional 311 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Ameris Bancorp by 105.8% during the third quarter. CWM LLC now owns 2,696 shares of the bank's stock worth $168,000 after acquiring an additional 1,386 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Ameris Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were issued a $0.20 dividend. This is a positive change from Ameris Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, December 31st. Ameris Bancorp's dividend payout ratio is currently 15.36%.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.